Home / Knowledge / News / Soles4Souls sees bright future ahead
Soles4Souls sees bright future ahead
24
Dec '09
Soles4Souls Inc., the international shoe charity that gives away shoes to people in need, issued a report that its 2009 donations increased by more than 20% over 2008 levels. Since the Asian tsunami five years ago, the charity has collected and distributed more than 6.4 million pairs of free shoes to people in need. Currently, Soles4Souls distributes one pair of shoes every nine seconds.

"We are humbled by and so thankful for the tremendous support of the general public, footwear professionals and our friends in the entertainment industry who have helped us reach this level of success," said Wayne Elsey, Founder and CEO of Soles4Souls. "Through the hard work and generosity of these partners, we are able to make a real difference in the lives of millions. We are excited to forge forward into 2010 with our goal of giving away one pair of free shoes each second," he said.

In addition to its remarkable growth during 2009, the charity announced recently that it has purchased its own building in the greater Nashville area. Elsey said this move is strategic to reduce overhead expenses while taking advantage of a favorable real estate market. Elsey also noted that the charity is in final discussions to build a state-of-the-art warehouse to further consolidate operations and efficiency.

Despite the rapid growth, Soles4Souls continues to operate on 2.5% administrative costs, making it among the most effective charities in the country. "Our strategy is tight controls and asset management to maximize the results of our rapidly growing charity -- impacting the world one pair at a time," Elsey said.

Soles4Souls Inc

Must ReadView All

Textiles | On 29th Apr 2017

Slight drop in Unifi 2017 Q3 sales

The net sales of Unifi Inc., one of the world's leading innovators in ...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Textiles | On 28th Apr 2017

India lifts CVD imposed on Nepali Jute goods

The countervailing duty (CVD) that was imposed on Nepali jute...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X